SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) JULY 13, 1995
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STRYKER CORPORATION
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(Exact name of registrant as specified in its charter)
Commission file number 0-9165
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MICHIGAN 38-1239739
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(State or other jurisdiction of (I.R.S. Employer
incorporation) Identification No.)
P.O. Box 4085, Kalamazoo, Michigan 49003-4085
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 616/385-2600
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 13, 1995, Stryker Corporation issued a press release reporting the
decision in a patent suit brought by Stryker Corporation and its wholly owned
subsidiary, Osteonics Corp., against Intermedics Orthopedics, Inc. and its
distributor, Marli Medical Supply, Inc. A copy of such press release is
attached hereto as Exhibit (99) and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
(99) Press release issued by Stryker Corporation on July 13, 1995.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
STRYKER CORPORATION
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(Registrant)
July 14, 1995 /S/ DAVID J. SIMPSON
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David J. Simpson, Vice President,
Chief Financial Officer and
Secretary
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EXHIBIT (99)
NUMBER: 95-5
RELEASE: Immediate -- July 13, 1995
CONTACT: David J. Simpson, Vice President, Chief Financial Officer
and Secretary
STRYKER CORPORATION v. INTERMEDICS ORTHOPEDICS, INC.
Kalamazoo, Michigan -- John W. Brown, Chairman of Stryker Corporation,
announced today that Judge Arthur D. Spatt of the Federal District Court for
the Eastern District of New York issued a decision in a patent suit brought by
Stryker Corporation and its wholly owned subsidiary Osteonics Corp. against
Intermedics Orthopedics, Inc., and its distributor Marli Medical Supply, Inc.,
for infringement of Stryker's U.S. patent on its OmniFlex Hip System. Judge
Spatt held that Intermedics' APR II and APR II-T Hip Systems infringed
Stryker's patent and that Stryker's patent was valid and enforceable, that
Intermedics' infringement was willful and that Stryker is entitled to damages
totaling $52.7 million and its attorney fees.
Stryker's patent is under reexamination by the U.S. Patent and Trademark
Office as a result of a petition filed by Intermedics in March 1994.
Furthermore, Intermedics has 30 days from the date Judge Spatt's decision is
reduced to judgment to file an appeal. Until these issues are resolved,
Stryker is unable to determine the financial impact of Judge Spatt's decision.
Stryker is being represented in this case by John A. Diaz of the New York
law firm of Morgan & Finnegan.
Stryker Corporation develops, manufactures and markets specialty surgical
and medical products, including orthopaedic implants, powered surgical
instruments, endoscopic systems, patient care and patient handling equipment
for the global market and provides outpatient physical therapy services in the
United States. Its shares are traded on The Nasdaq Stock Market under the
symbol STRY.
